“M. Chapelain pretends that at a certain time my father had at least fifty thousand francs a year.”

“It’s bewildering.”

For two or three minutes M. de Tregars remained silent, reviewing in his mind every imaginable eventuality, and then,

“But no matter,” he resumed. “As soon as I heard this morning the amount of the deficit, doubts came to my mind. And it is for that reason, dear friend, that I was so anxious to see you and speak to you. It would be necessary for me to know exactly what occurred here last night.”

Rapidly, but without omitting a single useful detail, Mlle. Gilberte narrated the scenes of the previous night—the sudden appearance of M. de Thaller, the arrival of the commissary of police, M. Favoral’s escape, thanks to Maxence’s presence of mind. Every one of her father’s words had remained present to her mind; and it was almost literally that she repeated his strange speeches to his indignant friends, and his incoherent remarks at the moment of flight, when, whilst acknowledging his fault, he said that he was not as guilty as they thought; that, at any rate, he was not alone guilty; and that he had been shamefully sacrificed. When she had finished,

“That’s exactly what I thought,” said M. de Tregars.

“What?”

“M. Favoral accepted a role in one of those terrible financial dramas which ruin a thousand poor dupes to the benefit of two or three clever rascals. Your father wanted to be rich: he needed money to carry on his intrigues. He allowed himself to be tempted. But whilst he believed himself one of the managers, called upon to divide the receipts, he was but a scene-shifter with a stated salary. The moment of this denouement having come, his so-called partners disappeared through a trap-door with the cash, leaving him alone, as they say, to face the music.”

“If that’s the case,” replied the young girl, “why didn’t my father speak?”

“What was he to say?”